Dec 10, 2012 6:00am EST
actually do something like that we recommended, you know, depending on what politically bract cal to get done, what we can actually eliminate. but you can eliminate a lot of these tax expenditures, broaden the base, simplify the code and bring down ritts. >> who in the base would go for that? that would be -- have you heard anyone in the president's base that would go for that? >> yeah, they would. not to say it's not difficult, it's not hard. we proved that people like dick durbin would move forward. >> i know. that's great. i know. durbin has risen above. he's risen above. >> he really has. >> yeah. >> we thank you very much. >> thank you for having me. i enjoyed it. >> we appreciate your helping us navigate what is an incredibly difficult thing for us to understand but you make it seem very, very easy. thank you, erskine. >> okay. good. stay at it. let's rise above. >> thanks. >> using 23 from now. >> that's zeroing out everything. earned income credit, the -- >> i'm going to stay 23, and i'm going to have a sound bite. you have questions, or comments, about -- kayla, you're back?
Dec 20, 2012 6:00am EST
former s.e.c. chairman harry pitt. the current ceo of cal rama partners. this deal is a little bit different, correct? this one might past with muster? >> yes, i think this one has a fairly high percentage of likelihood of passing. doesn't raise the same problems because of the antitrust issues that really defeated the last several efforts. >> but the interesting part here is what it really says about equities trading and how that business has really changed drastically over the last decade or so. >> it does. and also what's happened to the new york stock exchange, which has effectively become a wasting asset. it's kind of sad to see what was once the premiere exchange in the world now selling for what is a relatively low price compared to historic value. but it does mean that equity trading is not the wave of the profitable future. that really belongs to derivatives and futures. >> is this just something that happened because of what's come about with the machines? the rise of the machines, fewer people on the floor, how margins have been compressed? is this something you could ha
Dec 18, 2012 6:00am EST
walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have prevented it. walmart officials decided to undo the damage by a well played bribe and the guy drawing the map drew it a little differently. >> that's exactly what happened. they found the old map and the new map. they found a disk in a shoe box showing the differences. it was incredible. >> the zoning map would not become law until it was published in a government newspaper, so walmart reportedly arranged to bribe an official to change the map before it was sent to the newspaper. walmart issued a statement saying the allegations are part of that company's ongoing investigation of the last "new york times" piece. >> that wasn't a denial. >> no. but we knew about this. and then, you did this -- did you -- wh
Dec 17, 2012 6:00am EST
considering a sale of part or all of the company. it plans to suspend palestinian cal development of its drugs to treat prostate cancer as it goes through this process. also sprint is buying the part of clearwire it doesn't already own for $2.97 a share. that deal was announced last hour. some clearwire shareholders had been holding out for a higher offer. >>> and aig will reportedly raise up to $6.5 billion by selling the rest of the asian unit aia. that would mark a complete exit by aig from that business after nearly 100 years. aig sold part of the aia business back in the aftermath of the 2008 financial crisis. >> let's get back to our special guest, david tepper, founder, and chief investment officer of the hedge fund appaloosa management. last time, this time, couldn't we sum up a lot of what you said, it's crazy to fight the fed. i mean it's that simple? >> yeah, i mean, look, there's other events that can happen that can, you know, like i said, d.c. can screw things up a little bit. but generally speaking the fed -- >> you think? >> generally thinking what the fed has done has wo